Just as the peace agreement was about to be implemented, Israel decisively “threw the table over”! It directly briefed Trump that Israel is not bound by the Lebanon provisions in the US-Iran agreement, that its forces will never withdraw, and that it will continue military operations against Hezbollah within Lebanon. This “reverse dash” immediately cut off the budding signs of easing in the Middle East situation. The market had barely managed to catch its breath and macro sentiment had only just cooled down, but it has now been forcibly dragged back into a swamp of high uncertainty. For the market, the rebound window that Bitcoin and Ethereum had just opened is once again shrouded in heavy geopolitical shadows, and the near-term trend is likely to go through another round of turbulence.